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Savant Labs Raises $18.5M in Series A Funding

Jan 31, 2025 - finsmes.com
Savant Labs, based in San Mateo, CA, has secured $18.5 million in Series A funding to enhance its AI-powered platform designed for business analysts to access and manage data efficiently. The funding round was led by Dell Technologies Capital, with contributions from Vertex Ventures, Cota Capital, Village Global, Bloomberg Beta, West Wave Capital, and Uncorrelated Ventures. The company plans to utilize the funds to expand its AI automation capabilities and scale its go-to-market teams to meet the growing demand for secure and scalable analytics solutions.

Led by CEO Chitrang Shah, Savant Labs offers an analytics automation platform that streamlines data access, preparation, and management, replacing traditional manual reporting tasks done in spreadsheets and legacy tools. This platform helps enterprises reduce operational costs, boost productivity, and deliver quicker insights. It is currently used by both Fortune 500 companies and startups, including Zynex Medical, Abzena, Million Dollar Baby Company, and Arrive Logistics.

Key takeaways:

  • Savant Labs, based in San Mateo, CA, raised $18.5M in Series A funding led by Dell Technologies Capital.
  • The funding will be used to expand its AI automation platform and scale go-to-market teams.
  • The platform helps business analysts access, prepare, and manage data faster and more securely, replacing manual reporting tasks.
  • Savant Labs' platform is used by Fortune 500 companies and startups, including Zynex Medical and Arrive Logistics.
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